More incentives for firms as Zim eyes favourable business operating environment

By Stanley James

Zimbabwe has pledged more incentives to facilitate a favourable operating environment for local and external investors.   

This comes after the listing of Caledonia Mining Corporation on the Victoria Falls Stock exchange this Thursday.        

Attracting investments into the country and expanding shareholder value have been cited as critical for the country to attain its set developmental goals in line with vision 2030.

This was the message from the country’s treasury chief, Professor Mthuli Ncube who graced the official opening of the Victoria Falls Stock Exchange and the listing of Caledonia Mining Corporation on the US dollar trading bourse.

“All is being made to sustain the current growth trajectory what is just needed is the ability to offer more incentives. Safety of investments is key,” Professor Ncube noted.  

For monetary authorities, it is all about certainty and stability that matters.                  

“A lot is being done to ensure investors get their funds on time and facilitate more growth,” said Dr Mangudya.                

Allowing gold producers delivering gold above the required tonnes to retain 80 percent of foreign currency receipts, enabling VFEX listed companies to get 100 percent of earnings on incremental exports, tax holidays, duty free import schemes and rebates are some of incentives introduced by the second republic to restore business confidence and promote investments in the country.

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